Qualys Inc (QLYS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	163,069	130,547	87,683	96,654	72,253
Revenue	US$ in thousands	554,458	489,723	411,172	362,963	321,607
Operating profit margin		29.41%	26.66%	21.33%	26.63%	22.47%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $163,069K ÷ $554,458K
= 29.41%

Qualys Inc's operating profit margin has shown an increasing trend over the past five years. The margin was 22.47% in 2019, increasing to 26.63% in 2020, dipping slightly to 21.33% in 2021, and then rising to 26.66% in 2022, and further to 29.41% in 2023. This indicates that the company has been effectively managing its operating expenses and generating more profit from its core business operations in recent years. The steady improvement in the operating profit margin reflects positively on Qualys Inc's ability to control costs and enhance operational efficiency, potentially leading to stronger financial performance and shareholder value.